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Monday, 1 September 2014

Globalisation, Paragraph For PSC, JSC, JDC, SSC HSC and Degree

Globalisation

Globalisation means the process
of expending trade and commerce all over the world taking the advantage
of borderless market. It has created an integrated global economy which
influences every country of the world developed and undeveloped. Critics
and economists say that in the race of globalization developing
countries can not be a match to the developed and capitalist countries.
It has been found that most of the advantages of globalization goes to
the capitalist countries. The poor and developing countries are not only
supplying a pool of cheap labour to the benefit of the industrialist
countries. However, there are at least one benefit for the developing
countries which is to provide the poor people with employment as labours
in mills and factories run by foreign investors. Globalisation has
offered employment opportunity for the developing countries. Besides,
they can draw more foreign investment if they can ensure good governance
and proper infrastructure. However globalization was initiated in the
subcontinent to accelerate economic growth and a competitive atmosphere
for industrial development. We are looking for what good globalization
can do for us in the future.